logo

Management Accounting in AZIO

20 Pages6438 Words436 Views
   

Added on  2020-11-12

Management Accounting in AZIO

   Added on 2020-11-12

ShareRelated Documents
Management Accounting
Management Accounting in AZIO_1
Management Accounting in AZIO_2
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1.Management accounting and essentials requirements of various type of managementaccounting systems.................................................................................................................1P2. Various methods used for management accounting reporting.........................................3M1. Merits of using management accounting system............................................................5D1 Integration of management accounting system and management accounting report.......5TASK 2............................................................................................................................................5P3. Calculate cost using marginal and absorption costing.....................................................5M2. Use of management accounting techniques....................................................................8D2. Financial reports that apply for interpret business activities...........................................8TASK 3............................................................................................................................................8P4 Advantages and disadvantage of various planning tools..................................................8M3 Evaluation of planning tools..........................................................................................10TASK 4..........................................................................................................................................11P5. Adaption of management accounting system to respond financial problems................11M4. Evaluation of financial issues.......................................................................................12D3. Evaluation of planning tools for respond financial problems........................................13CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
Management Accounting in AZIO_3
INTRODUCTIONManagement accounting system refer to the process of developing the financial reportwhich assist manager in taking corrective decision and in achieve better control over businessactivities which in turn will contribute toward the accomplishment of organisational goals andobjectives (Anessi-Pessina and et. al., 2016). One of the main benefit of managerial accountingsystem is that it help a company in bring efficiency in its operations. It also provide informationrelated to financial condition of the company and assist in taking decision related to organising,directing and controlling of cost by effective utilization of resource. AZIO is a small businessenterprise which is situated in California US, founded in year 2005 and is specialized indesigning and manufacturing PC keyboard, mouse and audio product. This report describesabout various types of managerial accounting system and its importance along with the variousmethods of managerial accounting report system. It further explains various techniques of costanalysis used for preparing income statement using marginal and absorption cost. In addition tothis, it also describe various planning tools which help AZIO in deciding future course ofactions. TASK 1P1.Management accounting and essentials requirements of various type of managementaccounting systemsManagement accounting refers to the process of preparing the internal financial report byanalysing business cost and operations which help manager in decision making process toachieve organisational goal (Management Accounting, 2018). In other words it is an act ofexamining the financial and costing data arranging that data into useful information formanagement to assist them in efficient functioning of business activities. One of the majorbenefit of management account is that it help manager in getting better control over the businessoperations which contribute toward the growth and success of the company. By using theconcept of management accounting, managers of AZIO can collect and analyse the informationrelated to financial aspects such as financial condition of the business, variation in stock, rawmaterial etc. which help in performing organisational activities more effectively and inminimum possible cost. It also help in improving the financial condition of company and bringstability in financial system. 1
Management Accounting in AZIO_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Management Accounting - Azio
|16
|5541
|175

Management Accounting - AGMET
|17
|5402
|89

Management Accounting - Azio | Report
|17
|4776
|33

Management Accounting Systems & Techniques
|20
|5703
|222

Tools and Techniques of Management Accounting PDF
|17
|5429
|184

Management Accounting Different Techniques
|20
|5636
|142